McFly aims to be the blockchain-based solution for the urban flying taxi market. Find out what that means today in our review.

What is McFly?

McFly, found online at McFly.aero, aims to solve the “who owns the button” problem on today’s air taxi market. Using blockchain technology, it puts “the button” in the hands of users. Users can use McFly to push for operational efficiencies, provide volumes to partners, and offer better prices to passengers.

What does McFly mean when it says “air taxi”? The company is genuinely talking about flying cars. The company claims that we’re at the start of a $1.2 trillion market. Today, 20 companies are working on flying cars. In the near future, city skies may be swarmed by flying cars.

In preparation for launch of the flying car / air taxi market, McFly is creating “the complete package of technologies” for the urban air taxi grid.

You can use McFly tokens to take an air taxi in your city. The McFly token sale began in early November and continues until December 25, 2017.

How Does McFly Work?

McFly’s solution will consist of two core parts, including:

McFly.aero:

This is the platform for entrepreneurs and passengers, described as “future customers of a more than a trillion dollar industry of urban air taxi flights.”

Blockchain.aero:

This will be a technology consortium where members will provide technology for use in the city. That technology will include hardware (vehicles, chargers, and components), and software (blockchain, tokens, smart contracts, APIs, and apps). Two flying car manufacturers have already signed up for this consortium.

Using McFly, local entrepreneurs can deploy a local grid of connected devices. This IoT network pays every device owner McFly tokens every time the device is used to serve a flight to a passenger.

Ultimately, McFly aims to create a platform that puts air taxi controls in the hands of users, saying “if you don’t do it, then your local government or a larger corporation will do it.” The goal is to decentralize and democratize urban aviation.

The McFly.aero website features a number of air taxi concepts currently in development by companies around the world. The company calls these vehicles eVTOL AAV, or electrical vertical take-off and landing autonomous aerial vehicle. These air taxis have speeds of 150 to 300 km/hour, flight times of 30 minutes, and a range of 75 to 150km while flying up to 1km off the ground.

Three air taxi companies have already created working prototypes. Major names like Daimler Ventures, Boeing, Geely/Volvo, Tencent, and Atomico Ventures are investing hundreds of millions of USD into the development of air taxis.

Air taxis are being proposed as a way to avoid traffic jams in the future. Today’s cities aren’t getting smaller, and air taxis can be used to avoid these problems. The taxis are also economical and environmentally-friendly.

McFly Features

McFly’s platform will offer all of the following features to users:

Ordering:

McFly’s ordering will handle the client’s request by wallet ID and geotag, the data on the route and flight style (as chosen by the customer), find the flying car assigned to the flight, and complete the transaction between the two parties (the flying car owner and the individual).

Invoicing:

Users can get data on technical lifetime expenditures, data on content consumed by the client during flight, and more information about their taxi’s usage.

Charging:

McFly’s platform can provide route data, data on technical lifetime distribution, energy usage, transaction history, and more.

Use Tokens on Land:

McFly tokens will be used for more than just air taxi rides. The company’s tokens will be used to pay for flying cars and other infrastructure elements, like pads, chargers, maintenance, and repair shop bills. You can also own this infrastructure to earn McFly tokens – even if you don’t have an air taxi.

Community Support:

McFly already has support from the community. Current members of its consortium include Barini.aero and Hepard, both of which are flying car manufacturers. Barini vehicles are already tokenized by McFly tokens.

The McFly Token Sale

55% of the total supply of McFly tokens (MFL) will be available during the crowdsale. The remaining supply is dedicated to bilateral agreements and large token holders (15%), a reserve fund (10%), the team (10%), bounties (5%), and advisors (5%).

There are two types of McFly tokens, including WAVES-based tokens and ERC20 tokens. The two tokens can be swapped at a rate of 1:1.

The company is planning to launch a total supply of 1.8 billion McFly tokens. The token sale is underway from November 7 to December 25, 2017.

During the token sale, the tokens are set at a price of 1 MFL = 0.0002 ETH or 1 MFL = 0.0057 WAVES.

Who’s Behind McFly?

McFly is led by a Russia-based development team. Key members of the team include Vladimir Andreev (marketing manager and automotive industry executive), Alexey Maltsev (a pilot), Vladimir Salatov (test pilot and engineer), Nikolay Fonurin (aeronautics engineer), and Mikhail Sorokin (lead engineer). Specific titles are not listed on the official site.

McFly Conclusion

The world of air taxis is closer than you think. Today, a number of major corporations are developing air taxi prototypes. These air taxis will be able to fly autonomously through cities on pre-planned routes, solving traffic jam problems below.

McFly isn’t creating its own air taxis. Instead, the company is creating the platform that democratizes and decentralizes the air taxi industry. Instead of letting the government control air taxis, McFly wants to create a decentralized, blockchain-based platform where users control the air taxi industry. It describes it as a “proof of flight” blockchain.

To learn more about McFly and their ongoing token sale, visit online today at McFly.aero.

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